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AUDUSD retraces most of the CPI gains, and finds support buyers near MA support

AUDUSD retraces most of the CPI gains, and finds support buyers near MA support
The AUDUSD moved to the highest level since February 24, 2023 after the US CPI data earlier today. The high price extended to 0.68176. That took the price above the high price from Monday's trade at 0.6803, and also above the high price going back to April 14 at 0.68048.However the break could not be maintained, and the price rotated back to the downside retracing all/most of the CPI gains.The low corrective price reached 0.67535. At the low, the price tested its 100 hour moving average (blue li... Read More
Posted: May 10 2023, 17:25
Author Name: forexlive
Views: 102042

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